When Milady and I started this CFDA hobby, we realized that we'd need a couple of extra holsters to let friends and family try the game, so I ordered a couple of Triple K Cheyenne holsters from MidwayUSA. At just over $50.00, they're not the greatest holster in the world, but I've been pleased with mine so far and don't feel handicapped using it. I ordered one for both left and right hand, and they've both gotten plenty of use.
A quick review of the regulations for the association, and I learned that wax bullet deflectors are optional for adults, and mandatory for youth. I am told that if you play this game long enough, you'll shoot the bottom of your holster, and even though we're using wax bullets, it's coming out of the muzzle at something over 600 fps, and it will hurt for sure, and may cause injury. Wax bullet deflectors are a good idea.
So, I emailed some holster makers and learned that they don't sell wax bullet deflectors, but that they're made out of mild steel, and I've got some of that, so I decided to make my own. After cutting the metal, bending and painting it, I had to find Chicago screws. But, they're installed now, and I feel pretty good about my efforts.
The custom guys cover them with leather to match the holster, but I don't see anything in the rules that requires the deflector to be leather wrapped. Sometimes, home made is best.